IATA Forecasts Record 2025 Revenue Despite Jet Delivery Delays
The International Air Transport Association (IATA) has forecasted that global airline industry revenue will exceed a trillion dollars in 2025, with passenger numbers hitting new records. However, the organization also raised concerns about significant challenges in securing new aircraft, which could hinder the growth potential of airlines worldwide.
IATA’s Director General, Willie Walsh, described the difficulties in obtaining new planes as “unacceptable,” pointing to ongoing delays in jet deliveries as a major obstacle. These delays have affected airlines’ ability to expand and modernize their fleets, with some companies facing setbacks in meeting increasing demand for air travel.
Despite these challenges, IATA remains optimistic about the industry’s recovery and growth in the coming years. The association’s projections suggest that by 2025, the global airline industry will not only recover to pre-pandemic levels but also reach new heights, driven by increasing passenger traffic and rising air travel demand.
However, the supply chain issues affecting aircraft manufacturers, particularly the delays in the delivery of new jets, remain a significant concern for the aviation sector. Walsh emphasized the need for better coordination and efficiency in the manufacturing and delivery processes to ensure that airlines can meet the growing demand without compromising service quality or operational efficiency.
As airlines look to rebuild and expand their fleets, the industry is also navigating rising fuel costs and potential environmental regulations, adding further complexity to an already challenging landscape. However, IATA’s forecast of over a trillion dollars in revenue signals strong optimism for the future of air travel, despite the hurdles currently facing the industry.